US CPI Release and Major Altcoin Rallies Drive Crypto Market Momentum

I. Crypto Market Overview

Key Takeaways

Macro Environment

The US September CPI release and anticipated Fed rate cut are heightening market volatility and risk sensitivity. Russia's legalization of crypto for international trade signals shifting global regulatory dynamics. Institutional adoption accelerates, with T. Rowe Price filing for a multi-asset crypto ETF, reflecting growing mainstream confidence.

Crypto Market

The crypto market is broadly positive over the past 12 hours, with BTC up 1.85% to $110,437 and ETH rising 1.03% to $3,869, supported by ETF inflows and stable macro sentiment. Altcoins show strong gains: ASTER surged 18.87%, WLFI up 13.78%, and SPX gained 9.72%, driven by DeFi adoption, liquidity events, and meme coin narratives. Solana also advanced 6.09%, while HYPE rose 7.65% on institutional treasury news.

Today's Outlook

Key events today include the US September CPI, Core CPI, and Inflation Rate YoY releases, which may drive volatility across crypto markets. Shentu (CTK) will undergo a major network upgrade and hard fork at 13:00 UTC. Significant token unlocks for Nillion and Undeads Games are also scheduled, potentially impacting supply dynamics.

Fear and Greed Index

54.00% Annual Percentile

28 Fear

Total Crypto Market Cap

$3.72T

2.36%

Total Market Trading Volume

$155.48B

18.63%

Altcoin Season Index

0.00%

Quarterly Percentile

24 / 100

Total Futures Market Open Interest

3.54B

1.63%

Futures

892.03B

4.24%

Perpetuals

II. Industry Updates

Macro-economic Policies

The US Bureau of Labor Statistics will release September CPI data on Friday, the first major economic indicator since the government shutdown. Elevated inflation, expected at 3.1% YoY, could impact the Federal Reserve's upcoming rate decision and drive volatility in BTC and DeFi markets as traders adjust risk models.

The US Federal Reserve is widely expected to cut its benchmark interest rate by 25bps at the October 29 FOMC meeting, marking the second cut in two months. Lower rates may boost crypto asset prices by increasing risk appetite and reducing opportunity cost for holding BTC and altcoins.

US banking system reserves have dropped below $3 trillion for the first time in 2025, signaling tighter liquidity. This quantitative tightening may constrain lending and increase volatility in crypto markets, as reduced liquidity can amplify price swings in BTC and DeFi protocols.

The US dollar has strengthened ahead of the delayed CPI release and amid renewed US-China trade tensions. A stronger dollar typically pressures BTC and altcoin prices, while trade uncertainty can increase volatility and drive safe-haven flows into or out of crypto assets.

India's Q1 FY26 GDP grew 7.8% YoY, the fastest in five quarters, supporting bullish sentiment in local equity and crypto markets. Robust economic growth in major emerging markets can enhance fiat inflows into digital assets and support DeFi ecosystem expansion.

Cryptocurrency Regulatory Trends

T. Rowe Price, a $1.8 trillion asset manager, filed for an actively managed crypto ETF with the SEC, aiming to include assets like Bitcoin, Ethereum, Solana, and XRP. This move signals growing institutional adoption and could boost market confidence once regulatory approval is granted.

Nevada regulators issued a cease-and-desist order to Fortress Trust, a digital asset custodian, due to severe financial instability and liquidity shortfalls. This highlights ongoing regulatory scrutiny and the importance of robust compliance for crypto custodians.

U.S. Senate Democrats and crypto industry leaders held meetings to advance bipartisan crypto market structure legislation, but unresolved issues around DeFi and market manipulation continue to delay progress, impacting regulatory clarity and investor sentiment.

Revolut secured a MiCA license from Cyprus, enabling it to offer regulated crypto services across all 30 EEA countries. This strengthens compliance standards in the EU and may encourage broader institutional participation in digital assets.

Russia's Ministry of Finance and Central Bank agreed to legalize cryptocurrency for international settlements, moving beyond the previous experimental regime. This regulatory shift could increase cross-border crypto usage and affect global market flows.

ASTER (ASTER): Surged 18.7% in 24h with $778M volume, driven by strong user adoption after APX token conversion and new DeFi features across BNB, Ethereum, Solana, and Arbitrum.

World Liberty Financial (WLFI): Jumped 13.4% in 24h with $336M volume, boosted by market excitement following the Trump-CZ pardon news and a $2B stablecoin liquidity injection.

SPX6900 (SPX): Rose 9.6% in 24h with $31.6M volume, fueled by renewed meme coin interest and presale ROI narratives, making it a top gainer among Solana ecosystem tokens.

Smart Money Movements

A dormant Satoshi-era Bitcoin wallet moved 150 BTC, worth about $16 million, after 14 years of inactivity, as Bitcoin traded near $110,000. Such large transfers from old wallets typically have minimal market impact due to high daily trading volumes.

A Bitcoin address holding 4,000 BTC, valued at approximately $442.3 million, was activated after 14.3 years of dormancy, drawing attention for its substantial value and long inactivity.

A whale transferred 2,067,914 Chainlink (LINK) tokens, valued at $36.1 million, from an unknown wallet to Coinbase, signaling potential trading activity or strategic repositioning.

Ethereum stablecoin usage surged 400% in 30 days to a record $580.9 billion, with whales accumulating during a price dip. One new wallet acquired 8,491 ETH for $32.47 million within three hours.

BlackRock increased its Bitcoin holdings by $73.6 million through its IBIT fund, as Bitcoin traded near $109,500, reflecting continued robust institutional demand.

Events to Watch

Oct 24 (Fri)

US September CPI, Core CPI, and Inflation Rate YoY data will be released; Shentu (CTK) network upgrade and hard fork at 13:00 UTC; Plasma and Grass major token unlocks scheduled.

Oct 24 (Fri)

US Final October Consumer Sentiment Index will be published at 10am ET, providing key insight into consumer confidence.

Oct 27 (Mon)

MegaETH public sale begins at 13:00 UTC, running for 72 hours; major token unlock event with $100,000 hard cap also scheduled.

Oct 29 (Wed)

US Federal Reserve FOMC meeting and interest rate decision, with consensus expecting a rate cut to 4.00%; 375ai Token Generation Event on Solana.

Oct 25 (Sat)

ZetaChain (ZETA) will unlock 47.8M tokens, worth $5.67M, representing 2.28% of total supply and 4.46% of market cap.

Table of Contents

I. Crypto Market Overview

Key Takeaways

Macro Environment

Crypto Market

Today's Outlook

II. Industry Updates

Macro-economic Policies

The US Federal Reserve is widely expected to cut its benchmark interest rate by 25bps at the October 29 FOMC meeting, marking the second cut in two months. Lower rates may boost crypto asset prices by increasing risk appetite and reducing opportunity cost for holding BTC and altcoins.

US banking system reserves have dropped below $3 trillion for the first time in 2025, signaling tighter liquidity. This quantitative tightening may constrain lending and increase volatility in crypto markets, as reduced liquidity can amplify price swings in BTC and DeFi protocols.

The US dollar has strengthened ahead of the delayed CPI release and amid renewed US-China trade tensions. A stronger dollar typically pressures BTC and altcoin prices, while trade uncertainty can increase volatility and drive safe-haven flows into or out of crypto assets.

India's Q1 FY26 GDP grew 7.8% YoY, the fastest in five quarters, supporting bullish sentiment in local equity and crypto markets. Robust economic growth in major emerging markets can enhance fiat inflows into digital assets and support DeFi ecosystem expansion.

Cryptocurrency Regulatory Trends

T. Rowe Price, a $1.8 trillion asset manager, filed for an actively managed crypto ETF with the SEC, aiming to include assets like Bitcoin, Ethereum, Solana, and XRP. This move signals growing institutional adoption and could boost market confidence once regulatory approval is granted.

Nevada regulators issued a cease-and-desist order to Fortress Trust, a digital asset custodian, due to severe financial instability and liquidity shortfalls. This highlights ongoing regulatory scrutiny and the importance of robust compliance for crypto custodians.

U.S. Senate Democrats and crypto industry leaders held meetings to advance bipartisan crypto market structure legislation, but unresolved issues around DeFi and market manipulation continue to delay progress, impacting regulatory clarity and investor sentiment.

Revolut secured a MiCA license from Cyprus, enabling it to offer regulated crypto services across all 30 EEA countries. This strengthens compliance standards in the EU and may encourage broader institutional participation in digital assets.

Russia's Ministry of Finance and Central Bank agreed to legalize cryptocurrency for international settlements, moving beyond the previous experimental regime. This regulatory shift could increase cross-border crypto usage and affect global market flows.

Trending Tokens

ASTER (ASTER): Surged 18.7% in 24h with $778M volume, driven by strong user adoption after APX token conversion and new DeFi features across BNB, Ethereum, Solana, and Arbitrum.

World Liberty Financial (WLFI): Jumped 13.4% in 24h with $336M volume, boosted by market excitement following the Trump-CZ pardon news and a $2B stablecoin liquidity injection.

SPX6900 (SPX): Rose 9.6% in 24h with $31.6M volume, fueled by renewed meme coin interest and presale ROI narratives, making it a top gainer among Solana ecosystem tokens.

Smart Money Movements

A dormant Satoshi-era Bitcoin wallet moved 150 BTC, worth about $16 million, after 14 years of inactivity, as Bitcoin traded near $110,000. Such large transfers from old wallets typically have minimal market impact due to high daily trading volumes.

A Bitcoin address holding 4,000 BTC, valued at approximately $442.3 million, was activated after 14.3 years of dormancy, drawing attention for its substantial value and long inactivity.

A whale transferred 2,067,914 Chainlink (LINK) tokens, valued at $36.1 million, from an unknown wallet to Coinbase, signaling potential trading activity or strategic repositioning.

Ethereum stablecoin usage surged 400% in 30 days to a record $580.9 billion, with whales accumulating during a price dip. One new wallet acquired 8,491 ETH for $32.47 million within three hours.

BlackRock increased its Bitcoin holdings by $73.6 million through its IBIT fund, as Bitcoin traded near $109,500, reflecting continued robust institutional demand.

Events to Watch

Oct 24 (Fri)

Oct 24 (Fri)

Oct 27 (Mon)

Oct 29 (Wed)

Oct 25 (Sat)

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